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Samantha bought 500 shares of stock at a price of $12 a share. She used her 65% margin account to make the purchase. Samantha sold
Samantha bought 500 shares of stock at a price of $12 a share. She used her 65% margin account to make the purchase. Samantha sold her stock after a year for $15.1 a share. Ignoring margin interest and trading costs, what is Samantha 's return on investor's equity for this investment? Express your answer to two decimal places as a percentage return, but do NOT include the % sign.
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